Four major trends affecting world trade in the past decade are a gradual decline in economic protectionism exercised by individual countries, formal integration and free trade among nations, global competition among global companies for global customers, and
A)an increase in economic protectionism and a decline free trade.
B)redefined national boundaries and a more aggressive attitude towards initiating international tariffs and quota systems.
C)a decrease in most countries' GDPs and a renewal of nationalism.
D)emergence of networked global marketspace.
E)an increase in most countries' GDPs coupled with an increased degree of consumer ethnocentrism.

Question

Quizplus · Accepted Answer

The emergence of networked global marketspace, as described by the fourth trend, has significantly impacted world trade by allowing for the creation of new digital platforms and marketplaces that facilitate global business operations and international trade. This trend has enabled businesses to more easily reach global customers and has also led to an increase in cross-border e-commerce.

Four Major Trends Affecting World Trade in the Past Decade